Shareholders' Equity

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Stockholders' Equity

Shareholders' Equity

	June 30, 2019	December 31, 2018
Common Stock
Number of shares authorized	10,000,000	10,000,000
Number of shares issued and outstanding	5,050,000	5,050,000

	June 30, 2019	December 31, 2018
Preferred Stock
Number of shares authorized	250,000,000	250,000,000
Number of shares issued and outstanding
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series A (Series A Preferred Stock)	1,000,000	1,000,000
Fixed-to-Floating Rate Cumulative Perpetual Preferred Stock, Series B (Series B Preferred Stock)	500,000	500,000

During the six months ended June 30, 2019, we paid dividends of $29 million to holders of record of our Series A Preferred Stock, and $17 million to holders of record of our Series B Preferred Stock. During the six months ended June 30, 2018, we paid dividends of $30 million to holders of record of our Series A Preferred Stock.

The following table summarizes the significant components of accumulated other comprehensive loss:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Unrealized (loss) gain on hedges
Beginning balance	$	(6	)	$	17		$	9		$	16
Change in value of hedges, net of tax	(18		)	17			(33		)	18
Ending balance	(24		)	34			(24		)	34
Defined benefit plans
Beginning balance	1			1			1			1
Unrealized gain on subsidiary pension, net of tax	—			—			—			—
Ending balance	1			1			1			1
Foreign currency translation adjustment
Beginning balance	(1,019		)	(726		)	(1,076		)	(785		)
Translation gain (loss), net of tax	8			(245		)	65			(186		)
Ending balance	(1,011		)	(971		)	(1,011		)	(971		)
Total accumulated other comprehensive loss	$	(1,034	)	$	(936	)	$	(1,034	)	$	(936	)